Cresud S.A.C.I.F. y A. (CRESY) Short Interest Update

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 294,367 shares, a decline of 44.8% from the April 30th total of 533,376 shares. Based on an average daily volume of 179,726 shares, the days-to-cover ratio is presently 1.6 days.

Separately, BidaskClub upgraded Cresud S.A.C.I.F. y A. from a “sell” rating to a “hold” rating in a research note on Wednesday, April 11th.

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Shares of NASDAQ CRESY opened at $16.75 on Thursday. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.50 and a quick ratio of 1.35. Cresud S.A.C.I.F. y A. has a twelve month low of $15.53 and a twelve month high of $23.69.

A number of hedge funds and other institutional investors have recently made changes to their positions in CRESY. Senvest Management LLC boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 13.7% in the 4th quarter. Senvest Management LLC now owns 1,620,987 shares of the company’s stock worth $35,808,000 after purchasing an additional 195,830 shares in the last quarter. Carmignac Gestion boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 47.2% in the 1st quarter. Carmignac Gestion now owns 834,035 shares of the company’s stock worth $16,806,000 after purchasing an additional 267,413 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 51.7% in the 1st quarter. Russell Investments Group Ltd. now owns 643,717 shares of the company’s stock worth $12,971,000 after purchasing an additional 219,518 shares in the last quarter. Global X Management Co. LLC boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 21.5% in the 1st quarter. Global X Management Co. LLC now owns 234,580 shares of the company’s stock worth $4,727,000 after purchasing an additional 41,460 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 23.3% in the 4th quarter. BlackRock Inc. now owns 226,360 shares of the company’s stock worth $5,000,000 after purchasing an additional 42,720 shares in the last quarter. Institutional investors and hedge funds own 31.24% of the company’s stock.

About Cresud S.A.C.I.F. y A.

Cresud Sociedad An贸nima Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, produces basic agricultural commodities in Brazil and other Latin American countries. The Agricultural business is involved in planting, harvesting, and sale of crops, such as wheat, corn, soybean, cotton, and sunflower, as well as sugarcane; breeding, purchasing, and fattening of beef cattle for sale to meat processors and local livestock auction markets; producing raw milk for sale to local milk and milk-related products producers; the leasing of farms to third parties; the disposal and development of farmlands activities; and feedlot farming, as well as meat slaughtering and processing activities.

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